Managers of Wealth Asia Pacific

Singapore banks probe rich clients, train staff to spot money laundering tricks

Some bankers have complained about the additional checks on new clients’ sources of funds and the extra challenges in monitoring accounts, add some sources

Stephenson Harwood wins two awards at WealthBriefingAsia Awards 2024

These annual awards, which are part of WealthBriefing's global awards programme, recognise firms, teams, and individuals that have demonstrated innovation and excellence during the last year.

APRA clarifies expectations on cyber security and adequacy of backups

This communication is part of APRA's ongoing commitment to supervising cyber resilience across industry, as outlined in its Interim Policy and Supervision Priorities update.

Singapore Laundering Case Jails Eighth Individual

Lin is the only woman in the case and she had S$153 million ($113 million) out of the S$170.5 million in seized assets forfeited to the state.

IQ-EQ shortlisted for ‘Best Advisory Firm in Regulatory and Compliance’ in 2024 HFM Asia Service Awards

The HFM Asia Awards are renowned in the finance industry, recognising the best in hedge fund performance, service providers, and individuals.

Dentons Hong Kong partner Richard Keady ranked as a leading practitioner for White Collar Crime, Corporate Crime & Regulatory Investigations by Doyles

The Doyle's Guide uses an entirely objective selection process to review lawyers and their firms amongst legal services consumers, peers and other industry professionals.

MAS Bans Three Individuals for Obstructing Course of Justice, Falsification of Records and Providing False Information to MAS

The POs, which took effect from today, will prohibit all three individuals from providing any financial advisory service and from taking part in the management

Former Queensland financial adviser Brett Gordon banned following fraud conviction

Under the Corporations Act and the National Consumer Credit Protection Act, ASIC may permanently ban a person from the financial services and credit industries if they are convicted of fraud. 

Harneys wins Offshore Law Firm of the Year at ALB China Law Awards

It is the second consecutive year that the firm has won this prestigious award.

Harneys advises EDA Group Holdings Limited on its Hong Kong IPO

Its logistics network covers various major trade lanes originating from China reaching popular B2C e-commerce destinations around the world, including North America, Europe and Australia.

HKMA planning sandbox for generative AI in banking

HKMA’s Arthur Yuen says the Silicon Valley Bank failure holds alarming lessons about digitizing finance.

Monetary Authority of Singapore and People’s Bank of China Advance Collaboration in Green and Transition Finance

The initiatives discussed covered the alignment of taxonomies, facilitation of green finance flows, and the development of a decarbonisation rating platform.

ASIC cancels Everest Asset Management’s AFS licence

This includes the obligation to comply with financial services laws, including the requirement to lodge financial statements annually with ASIC.

Monetary Authority of Singapore and People’s Bank of China Advance Collaboration in Green and Transition Finance

The initiatives discussed covered the alignment of taxonomies, facilitation of green finance flows, and the development of a decarbonisation rating platform.

Market brief provides further detail on upcoming Australian renewable energy projects tender

Projects will be assessed against seven merit criteria across Stage A and Stage B, with projects demonstrating the highest levels of merit compared to other projects in Stage A progressing to Stage B.

Four Carey Olsen lawyers star in Asian Legal Business Offshore Client Choice 2024

This recognition is based on direct client feedback, highlighting legal professionals who consistently exceed expectations and deliver high-quality service.

Labuan IBFC Inc. and RAM jointly host event on Labuan captive solutions for self-insurance

This collaboration arises from RAM’s LECA rating service for credit and performance evaluation of Labuan IBFC licensees

Latham Advises Chandra Asri on Acquisition of Shell’s Energy and Chemicals Assets in Singapore

Joint venture with Glencore purchases 100% interest in Shell Energy and Chemicals Park Singapore.

Money laundering accused Su Jianfeng slapped with six new charges for submitting forged documents to OCBC, Maybank

The new charges bring the total number faced by Su to 12

Dentons wins landmark High Court case on contractual damages

The case is now the leading authority for reliance damages arising from a breach of contract.

Legal, Regulation & Compliance